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‘Oil, rupee could test Modi government’s 5th year’

From an average 5.2% of GDP between FY10 and FY14, the fiscal deficit came to 3.8% between FY14 and FY18, helped by lower crude oil prices. Retail inflation sharply declined to an average of 4.7% between FY15 and FY18 from 10.2% in the preceding five years. The Modi government’s efforts to ensure a well-oiled economy

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Sensex adds 318 points as Infosys, HDFC, TCS lead; Tata Motors tanks 7%; rupee regains 12 paise vs US dollar

Indian stock markets started higher on Thursday with BSE Sensex rising more than 100 points as blue-chip shares of India’s second-largest IT company Infosys and country’s largest housing financier HDFC contributed considerably to the upsurge. In the early morning trades, the INR recoiled back from the 18-month lows against US dollar. Among the constituents of BSE

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PSU banks day! SBI biggest gainer amid Sensex, Nifty today; 14 of total 21 PSB shares end in green

As shares of India’s largest bank by asset size SBI (State Bank of India) surged more than 6% on Wednesday even after the bank reported the deepest-ever quarterly loss for the Jan-Mar period of the FY18, 14 out of the total 21 PSU bank shares ended in green. Surprisingly, shares of SBI have been the biggest gainers among

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SBI Q4 Results 2018: Bank reports biggest ever quarterly loss at Rs 7,718 crore, but shares rally 6%

SBI Q4 Results 2018: India’s largest bank by assets and third-largest by market capitalisation State Bank of India (SBI) on Tuesday reported a standalone net loss of Rs 7,718.17 crore for the quarter ended 31 March 2018 as bad loan provisions doubled as compared to same quarter last year. This was the biggest-ever quarterly loss reported by State

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As petrol price soars to all time high, will government take steps to cut your fuel bill? What minister says

Petrol prices at record high:  After petrol prices hits fresh record high of Rs 84.40 per litre in Mumbai, breaching the previous record high of Rs 83.62 a litre in September-14, even as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers, will the government step in to ease

bse sensex
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Sensex loses 35K mark as HDFC twins, ICICI Bank tank; Trump’s comment resumes trade war worries

The domestic equity markets fell into heavy losses after starting on a weaker note on Friday as investors feared that the comment by US President Donald Trump could again escalate tensions between US and China. Meanwhile, Asian stock markets inched up slightly with market participants keeping a closer look at developments in US-China trade negotiations. BSE Sensex dropped

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Anil Ambani group stocks fly like rocket! RCom share price jumps 65%, Reliance Naval surges 34%

Shares of Anil Dhirubhai Ambani Group companies posted a massive surge in the dealings on Thursday with the stock of Anil Ambani’s telecom form Reliance Communications (RCom) and defence equipment manufacturer Reliance Naval and Engineering (RNaval) surging up to 65%. Shares of ADAG’s telecom company Reliance Communications (RCom) have been declining since last several days on

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Sensex, Nifty end in red on uncertain Karnataka, negative Asian cues; PNB slips 12%, RCom trips 15%

The domestic equity markets finished lower in a rangebound trade on Wednesday with headline indices Sensex and Nifty closing in red after diving nearly 1% each in the early dealings following the subdued activity of most of the regional stock market and the rip-roaring outcome of Karnataka Elections 2018. Shares of HUL, Wipro, ITC and Yes

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Karnataka win or not! Modi magic continues to charm even after 4 years

It was a turf of the Congress— and yet, Narendra Modi-led BJP has emerged as the biggest party in Karnataka. Perhaps, Narendra Modi realised early on the potential of his popularity and increased the number of election rallies from 15 to over 21. Even as the magic 112-mark seems to be eluding Modi’s BJP at present,

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PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi. The Union government cracked the whip on three top former and incumbent Punjab National Bank (PNB) executives after the Central Bureau of Investigation (CBI) named them in its charge sheet in